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This is federal income tax question. I was wondering about question number 3 and 4. Would you help me solve it step by step? Review

This is federal income tax question. I was wondering about question number 3 and 4. Would you help me solve it step by step? image text in transcribed
image text in transcribed
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Review View Design Layout Tell me what you want to do Store ,9 My Add-ins. Wikipedia Online Link Bookmark Cross. Comment Header Footer pag Numb Video Media reference Add-ins Links Comments Header &Footer rry and Karlahad the following information relating to their 2016 taxes: ey have been married for 11 years and have two children together.. Harry wages were 26,000 and Karla received46,000 They had total interest income of $600 of which $50 was received from muni bonds. They incurred/paidthe during the year: e Karla paid alimony of $6,000 former spouse, Ted.. She paid $3,000 to Ted Day Care for the care of their son, Arnold, while they are working. . Medical expenses totaled $8,500, insurance reimbursed them for $1,500. Charitable contributions of $3,800 to their church.., . Contributions to traditional IRA: Harry $5,000 and Karla $4,000 Mortgage interest on therresidence of S7,000- . Property taxes on her residence of $1,500. . State income taxes withheld from their wages was $3,500 (Hary-$1,700: Karla $1,800)- In 2016, they paid $500 for the preparation of 2015 joint tax return; additionally Karla spent $1,800 on her job search which was not successful. They also have a restaurant m anaged by Harry; in 2016 total expenses were $13,500 and total revenue was $24,500. . They filled their 2016 Joint tax return. Answer the following: - 1. What was their Adjusted Gross Income (AGI? (Line 37/38).. 2. what is the amount of self-employment tax deductible on line 27

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